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South East Asia Paints and Coatings Market Report by Product (Waterborne Coatings, Solvent-Borne Coatings, Powder Coatings, High Solids/Radiation Curing, and Others), Material (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), Application (Architectural and Decorative, Non-Architectural), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A21214
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Market Overview:
South East Asia paints and coatings market size reached US$ 10.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.54% during 2024-2032. The inflating focus of individuals to provide aesthetic appeal to their homes and also protect structures from environmental factors, thereby extending their lifespan, is primarily augmenting the regional market.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023 |
|
Forecast Years
|
2024-2032 |
|
Historical Years
|
2018-2023
|
| Market Size in 2023 | US$ 10.6 Billion |
| Market Forecast in 2032 | US$ 17.3 Billion |
| Market Growth Rate (2024-2032) | 5.54% |
Paints are liquid substances containing pigments that are applied to surfaces for aesthetic improvement, while coatings are substances primarily used to enhance surface properties and prevent substrate deterioration. Various product variants are available, including waterborne, powder, high solids, radiation curing, and solvent-borne coatings. These materials are commonly used in enhancing the appearance of industrial equipment, residential and non-residential structures, and buildings. Paints and coatings are equipped with properties such as anti-fouling, flame retardancy, and anti-microbial features. Additionally, they serve as protective layers against adverse environmental conditions, weathering, rust, and chemical exposure. This makes them essential in diverse industries such as marine, construction, automobile, and transportation, where their applications are extensive. Their various formulations cater to specific needs and contribute significantly to the durability, functionality, and visual appeal of surfaces across a range of industries.
South East Asia Paints and Coatings Market Trends:
The South East Asia paints and coatings market stands as a robust and evolving sector, integral to the region's industrial and infrastructural development. One of the key drivers is the rapid growth in construction activities across the region. The burgeoning urbanization and infrastructure development in countries like Indonesia, Malaysia, and Thailand contribute to a significant demand for paints and coatings in residential, commercial, and industrial projects. The automotive industry is another major contributor to the paints and coatings market in South East Asia. With the increasing production and demand for automobiles in countries like Vietnam and Thailand, coatings are essential for both functional and decorative purposes. Moreover, the maritime sector in South East Asia relies heavily on paints and coatings for ship maintenance and protection against the corrosive effects of saltwater. This underscores the broad applications of these materials across diverse industries in the region. As South East Asia continues to experience economic growth and industrial expansion, the paints and coatings market is poised for continued expansion, offering innovative solutions for surface protection, aesthetics, and performance across various sectors.
South East Asia Paints and Coatings Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on product, material, and application.
Product Insights:
- Waterborne Coatings
- Solvent-Borne Coatings
- Powder Coatings
- High Solids/Radiation Curing
- Others
The report has provided a detailed breakup and analysis of the market based on the product. This includes waterborne coatings, solvent-borne coatings, powder coatings, high solids/radiation curing, and others.
Material Insights:
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Others
A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes acrylic, alkyd, polyurethane, epoxy, polyester, and others.
Application Insights:
- Architectural and Decorative
- Non-Architectural
- Automotive and Transportation
- Wood
- General Industrial
- Marine
- Protective
- Others
The report has provided a detailed breakup and analysis of the market based on the application. This includes architectural and decorative and non-architectural (automotive and transportation, wood, general industrial, marine, protective, and others).
Country Insights:
- Indonesia
- Thailand
- Singapore
- Philippines
- Vietnam
- Malaysia
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Indonesia, Thailand, Singapore, Philippines, Vietnam, Malaysia, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:
- Jotun
- NIPSEA Group (Nippon Paint Holdings Co.)
- PT Avia Avian Tbk. (Avian Brands)
- PT Propan Raya
- TOA Paint (Thailand) Public Company Limited
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
South East Asia Paints and Coatings Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Products Covered | Waterborne Coatings, Solvent-Borne Coatings, Powder Coatings, High Solids/Radiation Curing, Others |
| Materials Covered | Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others |
| Application Covered |
|
| Countries Covered | Indonesia, Thailand, Singapore, Philippines, Vietnam, Malaysia, Others |
| Companies Covered | Jotun, NIPSEA Group (Nippon Paint Holdings Co.), PT Avia Avian Tbk. (Avian Brands), PT Propan Raya, TOA Paint (Thailand) Public Company Limited, etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the South East Asia paints and coatings market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the South East Asia paints and coatings market?
- What is the breakup of the South East Asia paints and coatings market on the basis of product?
- What is the breakup of the South East Asia paints and coatings market on the basis of material?
- What is the breakup of the South East Asia paints and coatings market on the basis of application?
- What are the various stages in the value chain of the South East Asia paints and coatings market?
- What are the key driving factors and challenges in the South East Asia paints and coatings?
- What is the structure of the South East Asia paints and coatings market and who are the key players?
- What is the degree of competition in the South East Asia paints and coatings market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South East Asia paints and coatings market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the South East Asia paints and coatings market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South East Asia paints and coatings industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
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- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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